Many of my clients face
temporary income problems, they got injured at work but then they recovered and were back at work and their income returned to normal but they used debt to survive while they were off work and now they can't pay back that debt or they lost their job and have now found a new one, but again that interruption in income caused their debt problems.
Health benefits plans help with the high out of pocket costs and
lost income problems that often accompany traditional health insurance.
Football doesn't have
an income problem, it has a spending...
New York does not have
an income problem, albeit revenues are not what everyone anticipated.
That a greater share of middle - income students now receive Pell Grants is only part of the Pell proxy's middle -
income problem.
Most people who had problems did not have
income problems.
First you need to determine whether you have an expense problem (you spend too much money) or you have
an income problem (you don't make enough to cover the basic costs of living.)
If you have
an income problem then you'll never get ahead unless you're proactive about it.
We don't have time to discuss that issue today but if we could solve
the income problem we could help the debt problem.
So it's not just
an income problem, it's more than that.
In other words most of my clients don't have a debt problem, they have
an income problem.
So those who have fallen behind, or those with credit or
income problems won't be helped.
If you have credit, debt or
income problems, the lender will tell you about it during pre-approval.
William P. Bengen, a solo practitioner of financial planning and investment management, published an influential paper in his profession's primary journal (Bengen (1994)-RRB- giving a solution to the retirement -
income problem.
Doesn't really solve the problem if you are unemployed — I already live minimally, but I don't have an income